Project Analysis: Loan Amortization
Instructions
Loan Amortization and Time Value of Money calculations help managers evaluate the best use of the funds for which they have access. It is common for a manager to have many options for where to spend the money within the organization. A manager often needs to make decisions such as delaying an expense in one area to the next budget year to pay for another expense somewhere else in this year.
Module 5 Homework: Project Analysis
Student Name
Institution
Professor Name
Course
Date
Module 5 Homework: Project Analysis
Loan Amortization
Loan 1
1 Monthly Payment
The total monthly payment, which is principal and interest is $536.82
2 Total Interest Paid
The total interest paid in the 360 months is $93,255.78
3 Total of 360 Payments
The total of 360 payments is $193,253.56
4 Payment Number that the Amount going to actual principal exceed that allocated toward paying interest
The amount going to actual principal exceeds that allocated toward paying interest payment number 195. At this number the principal amount is $269.20 while the interest amount is $267.63
Loan 2
1 Monthly Payment
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